I think this summarises it:
Butto | State | Tap | Hold
--------------------------------------------------------------
Bela | ON | Stop/restart Bela program | Graceful shutdown
| OFF | X | X
POWER | ON | Graceful shutdown | X
| OFF | Power on | X
RESET | ON | Hard reset | X
| OFF | X | X
A non-graceful shutdown (as the one that occurs with the reset button) is largely equivalent to suddenly removing power. Data loss may occur, but if you didn't access the board via the IDE and edited files and your program is not writing files to disk, that's unlikely to be an issue.